Bill > S638

This bill amends the Thye-Blatnik Act of 1948, which relates to land management and appraisals, by modifying how land values are determined. Specifically, the bill changes the language regarding land appraisals to require that the Secretary of Agriculture consider the "highest fair appraised value, including historical fair appraised values" when evaluating land, instead of the previous standard of simply using the "fair appraised value". This modification could potentially allow for a more comprehensive assessment of land value by considering past valuation trends and potentially increasing the recognized worth of the land being appraised. The bill appears to be a technical amendment aimed at providing more flexibility and potentially more favorable valuation methods for land appraisals under the original 1948 Act.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/senate-bill/638/all-info